News & information archive

August 4, 2009

CMA Holdings Incorporated Streamlines Corporate Structure

Effective July 31, 2009, CMA Holdings Incorporated (CMAH) has completed a corporate amalgamation.

As first announced last year, we are aligning and streamlining our businesses to better and more efficiently serve our clients across our financial services and practice solutions offerings. While this is an administrative announcement and will have little immediate impact on how we do business, you can expect to hear more from us in the coming months as we introduce the new structure and continue to build a strong MD brand.

What is our corporate amalgamation strategy?

Prior to this effort, the CMAH group was comprised of eleven separate legal entities With this re-organization, we are reducing the number of separate corporations from eleven to nine and creating a newly merged entity called MD Physician Services Inc. While existing legal entities will be merged to create this new company, products and services for clients remain unchanged. Merged entities include, MD Funds Management Inc., MD Private Investment Management Inc. and Practice Solutions Limited. All other entities remain unchanged.

Under our new corporate structure, MD Physician Services Inc. will either wholly own or have a majority interest in its seven remaining subsidiaries, and collectively be referred to as the MD group of companies.

This change is largely internal and has no material impact on clients.

The MD group of companies remain subsidiaries of the Canadian Medical Association.

Why amalgamate?

Key reasons to amalgamate include:

Simplifying and aligning the MD group of companies under a unified, single brand and help deliver a more integrated offering to physicians.
Reducing administrative costs and complexity related to separate structures related to such things as governance, reporting, intercompany service agreements and charges.
Using realized savings to generate more value for CMA members and clients.

If you have any questions or would like more information about the corporate structural changes,
contact your MD advisor or the MD TradeCentre at 1 800 267-2332.